Deals
Hines, Oaktree Buy 515 KSF San Francisco Bay Office Campus
The partners acquired Ygnacio Center, a three-building property in the East Bay’s coveted Walnut Creek market, from LaSalle Investment Management.
SunTrust Arranges $50M for Purchase of Dual-Branded Marriott Hotel
Key International is the new owner of a 255-key property in Clearwater Beach, Fla., which incorporates both a Residence Inn and a SpringHill Suites.
Inland Empire Shopping Center Commands $26M
CBRE has arranged Tarski Group’s acquisition of Heritage Plaza, a 119,000-square-foot retail center in Riverside, Calif., from a pair of Orange County developers.
UBS to Relocate Galleria Branch to West Houston
The new office at Town Centre I will feature a modern, open-plan design with large windows. The relocation is scheduled for March 2019.
Fully Leased Atlanta Warehouse Changes Hands
Mayfield Properties sold the distribution center for more than $16 million. The roughly 455,000-square-foot asset last traded in 2014 for $12.8 million.
Tech Company Signs 73 KSF HQ Lease in Manhattan
The ticket platform will relocate from the borough’s NoHo neighborhood to Flatiron District in June 2019, with plans to take up four floors at 902 Broadway.
Blackstone Buys Maui Hotel, Condo Property
Ares Management, SMW Hospitality and Trinity Investments sold the Ritz-Carlton, Kapalua, which encompasses a 297-key luxury resort and 107 condos on the Hawaiian island’s northwest shore.
Downtown Denver Sheraton Trades
The hotel includes the 22-story IM Pei Tower and the eight-story Plaza Building. HFF represented the seller in the transaction.
Nashville Hotels Change Hands
Wheelock Street Capital sold the two-property portfolio to The Gehr Group approximately five years after acquiring the assets for $18.6 million.
Spaces Leases 47 KSF at UT Office Development
The flexible workspace company will move into the new space upon completion of Traverse Ridge Center III, in August 2019.